Technical analysis of DLF, India : a follow up

6 Responses to Technical analysis of DLF, India : a follow up

1. R Sathyamurthy says:

   January 1, 2009 at 10:15 am

   You are saying that no buying is advised till a 50% retracement is seen in the stock from the recent high of Rs.324/- (i.e. around Rs.245 levels.

   My question is the stock worth selling if it is not good for buying! Not that I want to compulsorily trade on this. But, this is just a question for knowledge. If it is not good for buying why it is not advised for selling?
   

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2. Ramki says:

   January 5, 2009 at 9:37 am

   Hello RS, May I suggest that you revisit the earlier post on DLF on 21 Dec 2008 where I suggested that if one were caught short he should buy the stock on a dip to 270. We dipped to 260 and have reached 305. The risk was more skewed to the upside,which is why a sell was not recommended.

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3. R Sathyamurthy says:

   January 9, 2009 at 9:07 am

   Mr Ramki,

   Thanks to Satyam saga, DLF has followed suit and has come down to Rs.185/-.

   Whats your take now?

   Regards
   R Sathyamurthy
   http://www.sathyamurthy.com/tag/satyam-computers/

   Reply
4. janaki ram says:

   January 29, 2010 at 9:51 am

   ramki , i read ur comment on DLF and i am interested. what is ur present on this stock. i purchased it at 481

   Reply
   • Ramki says:

     January 31, 2010 at 1:53 am

     HI JanakiRam,
     This stock looks really weak. I’d be happy to get out of a good portion of my investment in DLF at any price around 348/353 as there is a reasonably good chance for a move down to 275 or lower.

     Reply
5. Ramki says:

   January 14, 2009 at 3:11 pm

   HI RS, regarding DLF, after declining from 326 all the way to 144, we are currently at 213. I think we will have a hard time getting above 230, certainly 260 will be formidable. I will not suggest buying this stock for now. Ramki

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